Military

Army Size:27 600 (2004)Budget:1.5% of GDP (2005)

Current Situation

Sweden is located in Northern Europe. It is bordered by Denmark, Finland and Norway. Sweden's economy is very developed country, with a very strong market economy. Sweden is a large of natural resources, manufactured products such as automobiles and telecommunications equipment and services. Sweden has several multi national companies. Surprisingly, state owned companies in Sweden are relatively unimportant and all the large companies are privately held.